Team Leader and Promotion Announcements Scheduled for the 5th of Next Month
Minor Personnel Changes Only for Director-Level and Capital Market Positions
Maintaining Focus on Strengthening Inspection and Investigation Capabilities
On the 26th, the Financial Supervisory Service (FSS) conducted director-level personnel changes and will complete the second half of this year's personnel reshuffle with team leader-level changes in the first week of next month. Since the demand for personnel changes is not high, only minor adjustments are expected. The policy of strengthening inspection capabilities will continue.
According to industry sources on the 28th, the FSS plans to announce team leader appointments and senior promotions on the 5th of next month. The team leader personnel changes are expected to be a small-scale adjustment involving around 10 people.
Previously, the FSS completed director-level personnel changes without any separate executive reshuffle. A notable change was the promotion of the head of the Capital Market Special Judicial Police (Teuksagyeong) department from director to bureau chief. The Teuksagyeong has been responsible for major cases that caused significant controversy in the capital market, such as those involving SM Entertainment and Padoo. Director Kwon Young-bal, recognized for his past work, will move to become the head of the Financial Investment Inspection Division 2.
The promoted Teuksagyeong bureau chief position will be filled by Kim Jin-seok, head of the Financial Investment Inspection Division 1. Kim Jin-seok is well known within the FSS as a figure recognized for his expertise and competence in inspection work.
Both individuals have held their respective positions for more than one and a half years and are known to have earned deep trust not only from their team members but also from executives. By exchanging their roles, it is interpreted that the FSS aims to more broadly utilize their expertise by assigning them to the Financial Investment Inspection Division and the Teuksagyeong.
Kim Jae-hyung, head of the Financial Investment Inspection Division 2, will move to become the head of the Financial Investment Inspection Division 1, which oversees inspection work in the financial investment industry. Kim Jae-hyung was recognized for his abilities while handling major cases such as the Lime Fund during his time as a team leader. Choi Sang-doo, head of the Financial Investment Inspection Division 2, will move to become the head of the Investigation Division 3. Director Choi is also recognized for his leadership and competence in inspection work.
Another notable feature is that all director-level personnel changes were concentrated on capital market inspection and investigation positions. This is evaluated as an effort to minimize personnel changes to maintain organizational stability while ensuring continuity in responding to major issues such as real estate project financing (PF) and Saemaeul Geumgo.
Furthermore, this personnel reshuffle shows that the policy of strengthening inspection and investigation capabilities has continued since the inauguration of FSS Governor Lee Bok-hyun. In the past, the FSS focused on supervisory tasks related to policy extension. It is expected that team leader-level personnel changes will not significantly deviate from this policy.
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